NERC Denies 2.7bn Naira Severance Package

NERC Denies 2.7bn Naira Severance PackageThe Nigeria Electricity Regulatory Commission (NERC) has dismissed claims that it set aside 2.7 billion Naira as severance pay for its commissioners.

The NERC Chairman, Dr Sam Amadi, refuted the claims on Tuesday when he appeared before the House of Representatives Committee on Power investigating the alleged plan by the commission to make the payment.

Declaring the public investigation open, the Deputy Speaker, Yusuf Lasun, said there was an urgent need to address a lot of issues in the power sector.

The Chairman of the committee, Honourable Daniel Asuquo, listed some of the objectives of the hearing.

The committee is also probing the power sector to understand the challenges faced by major players in the sector and how the parliament can help address them.

The Minister of Power, Works and Housing, Mr Babatunde Fashola, also made a brief appearance before the committee.

Also in attendance were representatives of regulatory agencies, electricity distribution companies and power generating companies.

The hearing is expected to continue on Wednesday.

Residential Consumers Are Not Included In Tariff Reduction – NERC

NERCThe Chairman of the National Electricity Regulatory Commission (NERC) says reduction in billing is only applicable to commercial and industrial consumers, stating that they were the only categories of consumers who had earlier experienced increase in tariff.

Dr Sam Amadi, in a telephone interview with Channels Television’s breakfast show, Sunrise Daily on Tuesday, said that the development would take effect from April.

Amadi stated that no consumer who is residential was expected to have experienced an increase in tariff.

He advised that any consumer who is not commercial or industrial but has experienced an increase in tariff should communicate with their supplier.

He also addressed the issue of metering, urging consumers to exercise patience, adding that not all consumers need to be metered before increasing tariff.

The NERC Chairman advised that electricity companies should setup an advocacy to engage on a platform that would address consumer issues.

Technical And Economic Regulation Of Nigeria’s Power Sector

NERC Sam AmadiWith the ongoing reforms in Nigeria’s power sector, particularly the privatisation of generation and distribution companies, there are expectations of a truly liberalized market in which consumers will mostly pay for services that they enjoy, while service providers will strive for quality operations.

The Nigerian Electricity Regulatory Commission, NERC, was set up to undertake technical and economic regulation of this industry.

The commission is to license operators, determine operating codes and standards, establish customer rights and obligations and set tariffs.

NERC Chairman, Dr. Sam Amadi, is our guest on this edition of ‘View From The Top’.